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between 40 and $65,000 a year will have to pay an extra two grand to the government. gregg: coming up we'll talk with republican nick mulvaney whose house budget committee is obviously on the forefront of the fiscal talk. so we'll try to get the latest from him in just a moment. patti ann: meanwhile, gregg, we have new warnings from the treasury department that if a fiscal deal isn't reached our government will have to turn to extraordinary measures when the debt limit hits its ceiling. $16.4 trillion probably on monday. fox business network's stuart varney joins us now. hi, stu. you say this is the big story people aren't talking about? >> it is a sleeper issue, patti ann. on monday the government officially runs out of money and it can not borrow anymore. so it will have to shift all kind of cash around to make sure they can pay their bills and maybe they can do that for a couple of months. means you can kick the can, eight weeks be maybe, until the absolute crunch comes. there are consequences to this. it could be that america will be downgraded again. after all back in august of 2011
to actually solve the problem. so we can do this, it's the government that's the problem, not the economy and not even-- stuart: they're suppose today work for us. look, here is what i think is going to happen. i think that we will get some kind of last minute deal, which raises taxes on people who are successful, making serious money. forget about any spending cuts, i don't think that's going to happen and they make promises, but they're not actually going to do it and they'll simply ignore the debt. i think that's what's going to happen. do you agree? >> i'll take that bet. i don't think that's going to happen. i don't think that republicans will agree to any tax increases without spending cuts. i think they've been clear about that. stuart: we go over the cliff. >> they're not going to cave. i think they're going to extend the deed line and see credit downgrade. and i think we're going to fight about this through 2013 unfortunately. stuart: and as if falling off the fiscal cliff isn't enough to push us off another recession, it could of course. tomorrow at midnight a longshoremen's str
that has been taken up by our unfunded government programs. that is the number one cause of our fiscal and debt problem and it's not going away. so it looks like 2013 is going to be real. it's going to be dealing with issues of peace and war, national identity and issues of personal security. you think it's not important? say it and you're part of the problem. and that's "hardball" for now. th thanks for being with us. "politics nation" with al sharpton starts right now. >> thanks, chris. and thanks to you for tuning in. tonight's lead, the gop is in denial and they're scrambling to make a deal. the only problem? they still haven't learned that they're going to have to compromise. just hours ago, president obama returned home from christmas vacation. looking to jump start negotiations and protect millions from seeing their taxes go up. the news comes after a conference call that mr. boehner held with gop house members, telling them to return to washington this sunday. but just because they're coming back doesn't mean they're looking to play nice. today, senator harry reid blasted the s
was spending money on government, that is what taxes are. got it? and that's hardball for now, thanks for being with us "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to the ed show. i'm michael eric dyson in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the details on dick armey's hostile takeover. the nra is catching heat from all directions. >> i don't think the nra is listening, i don't think they understand. >> georgetown university law professor, david cole on the growing drum beat against the nra. >>> six days until the
government agencies are planning no immediate changes because they're anticipating some kind of deal. that leaves the unemployed, extended unemployment insurance will expire immediately if we go over the cliff. a deal later in january could theoretically restore extended benefits, the immediate damage will have already been done. for many people, this is all an interesting charade. but for the unemployed it's the real deal. get your cell phones out, i want to know what you think. tonight's question, who will the public blame if we go over the fiscal cliff? text a for democrats, text b for republicans to 622329. i'll bring you the results later in the show. >>> joining me now is congressman elijah cummings of maryland. welcome to the show. >> it's good to be with you. >> what do you make of the latest posturing. the house will they reconvene before january? they have a lot of stuff to do, so clearly they can't make it back to d.c. to do the people's business. >> as you said a few minutes ago, we have been assured we would be given at least 48 hours notice before we would have to come
,000 a year would pay an extra two grand or so to the government. gregg: the big question, do lawmakers hope to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a toll on the economy. fox business network's stuart varney has more for us on that this morning. good morning, stu. >> good morning, patti ann.
a five-year extension of the foreign intelligence surveillance act allowinging the government to eavesdrop on overseas phone calls and e-mails from potential terrorists. they say it's protected us from more attacks like 9/11. others argue the bill could be abused. the bill is being sent to president obama and he is expected to sign it. >>> and the state's same-sex marriage law went into effect at midnight. the first in line to tie the knot, and they say they've been waiting years for this moment. >> it's very surreal still. we didn't -- we didn't expect all the cameras and everything tonight. >> we finally feel equal, and happy to live in maine. >> it's official now. >> after nine years, it's -- it's all good. >> yep. >> maine, washington state approved same-sex marriage, it's already legal in d.c. and six other states. >>> let's turn to the weather. face it, it's affecting a huge chunk of the nation right now. >> there's a lot of snow out there. in fact, snow currently covers more than half of the lower 48 states and unfortunately for some people, the storm's not over yet. le
the american people have determined that governing is a shared responsibility between both parties in this congress laws can only pass with support from democrats and republicans, and that means nobody gets 100 percent of what they want. lou: there are only ten days remaining to the fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbs, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reid pounced on the very public embarrassing defeat. >> we knew the so-called plan b was no plan at all. it could not pass the sen
. both sides are bouncing this thing. citizens for self governance, president mark mcclure joined by occidental professor caroline helpmann. let's start with you. bad deal worse than no deal? >> it is, and we're talking about the fiscal cliff. we are really dealing with is the fiscal fraud. we fell off the cliff along time ago. we are in the best, $16 trillion in debt. a debt our children and grandchildren will never be able to pay off, a total fraud, not dealing with spending, and unless they do we are not going to fix the problems is a country is facing. tom: same point, i mean, is this something that will start tuesday or have businesses and individuals already started be having different because of the fact that this whole process was coming up in addition to what the congressman was talking about? >> certainly was tree has been reacting to this, but i very much disagree about the causes. that is when we extended tax cuts do so wealthy individuals in 2001 and three did not need them and then we saw an incredible decrease in revenue as a result of wall street tanking our econom
the world. look at japan and europe. the japanese government is the glaring war on japanese citizens. it will create inflation. if the japanese citizens start to dump their bonds, they have been a bigger part then japan recently. that is a big problem for us. their euro has been quietly depreciating. if that goes out, that is a much bigger fiscal cliff. if the buyers of treasuries become sellers. liz: there are a lot of "if" in your discussion. the bond markets are still pretty -- nothing from the bottom vigilantes yet. you were a clinton advisor. you saw in the mid- 90s bond yields really spike higher. that is the issue. if we see the economy healing, bond yields could go up. investors say, wait a second, why invest for bond. >> that is the key issue. we have not seen interest rates spike for a simple reason. nobody has confidence in the economy. nobody believes we will have robust economic growth. we could be heading towards a recession. especially given the disappointing christmas sales. i am frankly skeptical about what will happen with our economy either way. i think we will go
's government unleashes its most sophisticated weapons of the war. missiles from iran. we'd like to welcome our viewers here in the united states and around the world. wolf blitzer is off today. i'm candy crowley and you're in "the situation room." >>> i want to begin with a crisis you probably don't know is coming and, of course, is just about to hit. barring a last minute deal, union dock workers at more than a dozen major ports will go on strike this weekend. meaning just about everything we buy, from clothes to cars, can't be unloaded. the strike would impact 14 port along the eastern seaboard in gulf coast, including the port of baltimore and that's where we find cnn's brian todd live. the potential impact of this is pretty big. >> reporter: it's huge, candy. right here, this is one of the most crucial ports for commerce in this region. the sieger terminal. you can see massive container ships sitting in port. this is the port terminal with the bustling operations, containers still being moved in and out of here by a truck that are being offloaded from the ships here at the terminal. about
. that includes those budget cuts for most government agencies, the sequester. that may happen at least in the short term. it doesn't seem to be on the table now. also, the medicare doc fix. we don't know for sure if that's going to be in this deal or not. a lot of other pieces still on the table and in limbo for now. >> okay. lisa desjardins, we'll be watching with you, thanks. >>> as you may have guessed, uncertainty over the fiscal cliff is having a ripple effect from washington to wall street. u.s. stocks ended the session in the red on friday for the fifth straight day. a triple-digit loss for the dow, that tumbled 158 points. the nasdaq lost almost 26 points while the s&p 500 shed almost 16 points. >>> in washington, each side of the aisle is pleading its case directly it the taxpayer. both the president and the republicans talking about the fiscal cliff in their weekly addresses. the president said yesterday he was modestly optimistic about a deal, but here he seems to hint at his own plan b if the senate can't reach a deal. >> if an agreement isn't reached on time, then i'll urg
year's was in 1996. that is, of course, when they were dealing with the government shut down. politics will be put aside this morning. the president, a lot of members of congress will be attending that memorial service for the late senator. >> kristen welker in hawaii. we will check in with you again later in our show. >>> from the fiscal cliff to gun control nra executive vice president was on "meet the press" this morning and here is part of what he said. >> i don't understand why you can't just for a minute imagine that when that horrible monster tried to shoot his way into sandy hook school that if a good guy with a gun would have been there he might have been able to stop it. >> nbc news editor is with me in the studio. there were armed guards at columbine. >> we know the nra is going to dig in. nothing is going to change until the other side can show that it can win these kinds of arguments. we saw this with environmental regulations in the 70s. you saw this in the 90s with the assault weapons ban. i think a lot of democrats got spooked after the mid 90s because so many of them l
your bank that goes to the federal government. but you can go online and with free holiday shipping purchase a high capacity magazine. even the law enforcement in the communities have no way of know ing a large number of weapons, perhaps a bullet proof vest. that might send off a few alarms. making it harder to sexercise te right to vote. we should think that people are more responsible owning a gun than casting a ballot. that is part of what is being revealed. >> i want to go to one other finding in this study about this. it is about the notion of people need guns for protection. >> there is no evidence that a gun in the home reduces the likelihood of severe iity durin break in. it is actually going to be usable in a way that will protect you. >> to the contrary. those same studies have shown, they are are more likely to go through if there is a gun in the house. what is more likely to happen is you are going to get shot. what happened is, they didn't kill the shooter. the shooter killed themselves. they were in able to get to it. >> they looked at the mass events. if somebody had
, saddam's military in kuwait and return right, full governance back to the citizens of kuwait. >> his father once said -- told him, he said, the day i was born that boy is going to west point. it was literally a job he was born to do. boy, did he do it well. the nation is remembering him today. thank you for helping us do that, general spider marks. happy holidays to you. >> you as well. >>> former president george h.w. bush has a message for his admirers around the world. he's not going anywhere. in a message in thursday, his chief of staff said the 41st president's condition is not dire. becker said mr. bush has every intention of staying put and that we can "put the harps back in the closet." the 88-year-old mr. bush is in the intensive care unit of a houston hospital where he's receiving treatment for an elevated fever. >> still has his sense of human. >>> vladimir putin has signed a continue versional bill banning u.s. citizens from adopting russian children. the decision raising tensions between the two countries, seen for retaliation for a new law in the u.s. that seeks to puni
government bailout than meets the eye. liz macdonald tells us the white house is backing a plan to help out underwater mortgages and not just for government underwritten loans. shibani: let's take a look if you own these stocks on the nasdaq you are making money today. research in motion, netflix, a lot. dennis: the christmas movie box office cannot non-violent are rated westerns by quentin tarantino against a broadway musical based on a nineteenth century novel, was miserables and the musical won. universal's less miserables broken 18.one million dollar guarantees, tarantino break-in $15 million, the highest level christmas opening for and are rated film. elsewhere taylor swift is breaking up with stream music services. turn newest album read finished fifth week at number one but she refused to make it available on internet streaming services that the attendees her songs. other music acts may take notice. a great story in the wall street journal. an office building, number one times square, the bad news, it is mostly vacant. the good news is it brings in $23 million a year in ad revenue on
of combination of gun control and mental health initiatives on behalf of the government. a lot of the silence up until now has been blamed on the nra's political power. it's estimated in your own race in 2010, the nra and affiliates spent $1.5 million to outst you. how powerful are they really? i heard ed rendell say they are a paper tiger. are they really that powerful? does the sandy hook shooting do anything to change that? >> no, they are not that powerful. look, we came within two percentage points of that race and it had nothing too do with the nra. the nra opposed me in every single race and i won every single one until the very last. my take on this is that americans very much want their liberties to be respected. but we are americans that come together in a community and if we want more senators, senator casey recently changed his position and that's the tragedy about connecticut it took that tragedy to have senators to do what's actually right. the nra is not a complete paper tiger, just a special interest group, and i believe that americans want to do what's right for the community. t
mandela was treated for a lung infection. a government spokesman says the former south african president is receiving treatment at his home. mandela is said to be resting and in good spirits. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] >>> we have this just in to cnn. you're looking live at air force one as it lands. just back from hawaii. the president had to cut short his vacation there. his holiday vacation so he could deal with th
that cuts 23 to 35 billion. you put that in the mix. again we have to go through all aspects of government to figure out where we can save and at the same time we've got to reform entitlement programs to make sure they're is vent for the long term the those ideas have been put forward. we have to come together on a package and do it. adam: this is simple yes or no, senator before i let you go. are you here monday night talking to us about how we go over the cliff or do we get a resolution, yes or no? >> yes, i think there is chance we will be. the house is coming back. that's a good sign. let's get everybody here. let's get after it. adam: senator john hoeven, one of the most popular governors when you were governor of your state. thanks very much for joining us the senator joining us from washington, d.c. we'll not let this one go though because obviously it looks like a complete absolute mess in washington, d.c. can the gop and democrats still pull a deal out of the fire before the deadline? i'm joined now by our money power panel. steve hayes, senior writer with the "weekly standard" an
financial gifts from the government, and then work very aggressively to turn them out to vote, and that strategy worked. >> that explanation got mitt romney attacked and condemned by the likes of bobby jindahl and other republicans. they're now trying a new approach. tag romney said this about his father. he wanted to be president less than anyone i knew in my entire life. he had no desire to run, says tag, who worked with his mother and to persuade his father to seek the presidency. if he could have found someone else to take his place, he would have been ecstatic to step aside. too bad he never told newt gingrich that. joining me now, msnbc's joy reed. i'm on the verge of feeling sorry for them, trying to come up with these crazy reasons about why he lost. and now they want to pretend that this guy who lived his whole life in order to run for president didn't really want to run for president. >> yeah, i know, lawrence. there is nothing more failing than failing to win something and say, i didn't want to win, anyway. who wants that. the problem with that, of course, is the hi
and oversight and government reform committee chairman tom davis. hello, gentlemen. nice to have you back. >> good morning. >> representative frost, we heard senator barroso there. does president obama want to go over the cliff? >> no, i don't believe that at all, alex. i've talked to people at a high level of the white house. they are concerned the effect this could have on the stock market, on our economy generally as well as the world markets. they don't want to go over the cliff. they've made a reasonable offer. they've moved to $400,000 as a cutoff, let everybody under that amount have their tax cuts. i feel sorry for speaker boehner who couldn't deliver his own party. if he'd been able to do that, at least somebody would have headed over to the senate and there could have been action. senate has to originate something. up to mitch mcconnell and harry reid to figure out something, send it back to the republicans in the house and hope enough will join democrat and vote for it. >> given the reasons for which mr. boehner was unable to deliver his own caucus in the house, do you think an
Search Results 0 to 24 of about 25 (some duplicates have been removed)